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Forex: EUR/USD in session highs ahead of EMU data

The euro is posting fresh highs above 1.3480 on Wednesday, ahead of the Industrial Production figures in the euro zone, expected to improve in December to 0.2% on a monthly basis and -2.4% YoY, against November’s -0.3% and -3.7%, respectively.

As of writing, the cross is up 0.21% at 1.3483
Next resistance levels lie at 1.3492 (MA10d) en route to the psychological level at 1.3500 and then 1.3577 (high Feb.7).
On the flip side, a breakdown of 1.3364 (low Feb.12) would bring 1.3325 (low Feb.11) and finally 1.3300 (psychological level).

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